April 2008 Income Tax and NI Changes: How will they affect you?

helentolf23

lol just worked out that i`m about £11 better off a month with the new 20% tax thingie! still, looking on the bright side, its better than being £11 worse off!!

Stephen_Leak

I work as an IT Technician in a state school, term time only, and - pro rata - only earn £12,600pa. Therefore, I am clearly an enemy of the state and must be punished accordingly. I am separated, living with my mother (!) and would love to get a place of my own, but at this rate, I am simply never going to be able to afford to get one and eat at the same time.

brownbabygirl

i am £30 per month better off this tax year.:beer:

irish_john

I joined barclayard leisure time last year and got £80 of petrol vouchers free,no catch.You could only use one £20 voucher every three months,send off your receipt and you got £20 back each time.Cancel your membership within the trial period and it costs you nothing.This year they are offering a video mp3 player which I have just sent off for

Mikeyorks

Very useful? That's put the abolition of the 10% rate into perspective.

Perhaps Mr Darling's signed all the losers up to Barclaycard ... just forgotten to tell them!

Meltdown_2

irish_john wrote: »

I joined barclayard leisure time last year and got £80 of petrol vouchers free, no catch.

One catch is that you are handing over some personal data and are agreeing to have this passed on (sold) to various marketing organisations. Barclaycard (and others of course) are not charities ...
Also, petrol vouchers are not much good to you if you don't have a car ...

Cancel your membership within the trial period and it costs you nothing.

But your data is still doing the rounds ...

MimiJane

£150 to £200 a year worse off in this household. Guess who we WON'T be voting for at the next election.

faybee

People like myself are now the worst off. I am 21, earning 11250 annually. I'm not eligible for WTCs because I'm under 25. Somebody recently said that this is ok because I should be working my way up anyway. I enjoy my current job! I've gone through seven different jobs to get to one I love, which I have to travel to and from every day, but it's a labour of love. My partner and I are living with my parents at the moment because he's a student support worker and can only work 25 hours a week at the moment. He doesn't get paid for the 6 week holidays and it's pretty difficult to work out what his salary is, but we have it at around 7000 a year. He's 27 but from what I understand, he can't get WTCs because he's working less than 30 hours a week.

How are young couples like us supposed to get on in life? We don't want children, so we wont be claiming benefits from them. All we want is a comfortable life and a place to call our own,in exchange for our hard work, but with these new changes it seems to be slipping even further away.

MinniMe_2

Faybee, we all know how you feel. I am 25 and earing £27K, this tax year I am £34 a month worse off and my student loan payments now start so actually combine that to be £129 a month worse off. - thanks Mr Brown, no way at this rate BF and I will get deposite together for house:(

mitchaa

MinniMe wrote: »

Faybee, we all know how you feel. I am 25 and earing £27K, this tax year I am £34 a month worse off and my student loan payments now start so actually combine that to be £129 a month worse off. - thanks Mr Brown, no way at this rate BF and I will get deposite together for house:(

Dont see how you are worse off on a salary of £27k

Disregarding your student debt as that is completely irrelevant

£27000 in 07/08 = £1673.26pm
£27000 in 08/09 = £1693.13pm

An increase of £19.87pm

No idea how you've managed to work out how you are going to be £34pm worse off

The break even is at around £15,000 earnings